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Alcoa, Honeywell Sign $300 million ManageAbility Contract Further Enhancing Alcoa's Leading-Edge Alumina Refining Process PHOENIX and PITTSBURGH--February 26, 2001--
Alcoa Inc. and Honeywell jointly announce a 10-year, $300 million
agreement to implement the Honeywell Industrial Control ManageAbility™
program that extends the long-standing alliance between the two
companies. The global program applies to seven Alcoa alumina-refining
The ManageAbility agreement represents an innovative partnership between
Alcoa World Alumina and Honeywell that changes the typical automation
business model. This unique approach accelerates and sustains the
economic benefits of automation by providing unparalleled cooperation
between the two partners, as demonstrated by the extent of the
agreement. Expected results will improve process control and
standardization of both equipment and processes across Alcoa World
Alumina's refining network, reducing variability.
Alcoa World Alumina will standardize their automation solution using
Honeywell's proven systems, software and business optimization services
used to control the process of converting bauxite to alumina at Alcoa
refineries. This commitment includes establishing support centers for
the Americas and the Pacific.
"The 'marriage' of Alcoa's strong expertise in alumina refining with
Honeywell's capabilities in automation will enable us to more rapidly
implement new advance control opportunities," said John Sibly, President
of Alcoa World Alumina - Atlantic. "This global initiative enables Alcoa
to leverage the advantage of improved process control rapidly across our
locations, resulting in improved productivity and reduced costs. It also
allows us to better standardize our equipment and processes across the
company's refining system."
"We are thrilled at the opportunity to take our relationship with Alcoa
to a new level," said John Weber, President of Honeywell Industrial
Control. "Our ManageAbility agreement delivers a full range of
automation functionality and financial benefits that are measurable and
directly tied to Alcoa's business metrics."
Alcoa is the world's leading producer of primary aluminum, fabricated
aluminum and alumina. It provides customers in the packaging, consumer,
automotive, aerospace, construction and other markets with a variety of
fabricated and finished products. Alcoa has over 300 operating locations
in 37 countries. Alcoa World Alumina, which is a global alliance between
Alcoa and WMC, Ltd. of Australia, operates alumina refineries and
bauxite mines in seven countries
Honeywell is a US$25-billion diversified technology and manufacturing
leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry;
automotive products; power generation systems; specialty chemicals;
fibers; plastics; and electronic and advanced materials. The company is
a leading provider of software and solutions, and Internet e-hubs
including MyPlant.com, MyFacilities.com and MyAircraft.com (joint
venture with United Technologies, BFGoodrich and i2 Technologies).
Honeywell employs approximately 120,000 people in 95 countries and is
traded on the New York Stock Exchange under the symbol HON, as well as
on the London, Chicago and Pacific stock exchanges. It is one of the 30
stocks that make up the Dow Jones Industrial Average and is also a
component of the Standard & Poor's 500 Index.
This release contains forward-looking statements as defined in Section
21E of the Securities Exchange Act of 1934, including statements about
future business operations, financial performance and market conditions.
Such forward-looking statements involve risks and uncertainties inherent
in business forecasts as further described in our filings under the
Securities Exchange Act.
ManageAbility™ is a trademark of Honeywell International.